________ Is an Explanation of the Process by Which Firms

question 18

Multiple Choice

________ is an explanation of the process by which firms acquire and retain one or more value-chain activities inside the firm, minimizing the disadvantages of dealing with external partners and allowing for greater control over foreign operations.

• A) Internalization theory
• B) Monopolistic advantage theory
• C) Absolute advantage theory
• D) Dunning's eclectic paradigm

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